Trading volumes on the Dubai Gold and Commodities Exchange (DGCX) rose by 28% compared with the same period in 2013.
October saw the year’s second highest monthly volume with volumes touching 1,044,396 contracts, according to Emirates 24/7.
The bourse’s currency segment climbed 31% year-on-year, dominating 93% of total volume with 978,169 contracts traded, with both the Indian Rupee Futures and mini Indian Rupee futures contracts performing well.
The market boosted its product offering with the launch of two new Index products and two mini-Indian Rupee contracts in October. The Index products included two MSCI India index contracts, the first - a price return index that takes into account the price performance of the 67 constituent stocks in local currency (Indian Rupee) and the second a total return index taking into account both the price performance and the dividend payments, calculated in US Dollar terms.
"The launch of these four contracts, as we complete a second upgrade of EOS Trader, signals a clear intent to strengthen our offering to provide more opportunities to our membership base,” Gaurang Desai, Interim CEO of DGCX, said.
The currency pairs further enhance our Indian Rupee product group and the MSCI Indices complement our increasingly successful S&P BSE Sensex contract, which has been growing consistently since launch in 2013, Desai noted.
He added that these new products are part of the first pillar of our product strategy – which is to build on the success of our Indian Rupee franchise. The second pillar, which focuses on GCC centric products, will see product launches over the coming months, starting with a highly anticipated Spot Gold contact.
October saw the year’s second highest monthly volume with volumes touching 1,044,396 contracts, according to Emirates 24/7.
The bourse’s currency segment climbed 31% year-on-year, dominating 93% of total volume with 978,169 contracts traded, with both the Indian Rupee Futures and mini Indian Rupee futures contracts performing well.
The market boosted its product offering with the launch of two new Index products and two mini-Indian Rupee contracts in October. The Index products included two MSCI India index contracts, the first - a price return index that takes into account the price performance of the 67 constituent stocks in local currency (Indian Rupee) and the second a total return index taking into account both the price performance and the dividend payments, calculated in US Dollar terms.
"The launch of these four contracts, as we complete a second upgrade of EOS Trader, signals a clear intent to strengthen our offering to provide more opportunities to our membership base,” Gaurang Desai, Interim CEO of DGCX, said.
The currency pairs further enhance our Indian Rupee product group and the MSCI Indices complement our increasingly successful S&P BSE Sensex contract, which has been growing consistently since launch in 2013, Desai noted.
He added that these new products are part of the first pillar of our product strategy – which is to build on the success of our Indian Rupee franchise. The second pillar, which focuses on GCC centric products, will see product launches over the coming months, starting with a highly anticipated Spot Gold contact.
Source:
Mubasher
